CARMEUSE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
CARMEUSE
NACE 08.111, Other mining and quarrying
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€10.8m
2023 · €14.1m-€3.3m
Equity
€40.9m
2023 · €60.1m-€19.2m
Cash
€25,612
2023 · €99,799-€74,187
Balance sheet total
€158.7m
2023 · €174.9m-€16.2m
Largest movements
Assets
- Receivables within one year -€18.9m
down €18.9m (-54.2%), from €34.8m to €15.9m
of which Trade receivables: -€18.3m
- Intangible fixed assets +€3.9m
up €3.9m (+532.8%), from €734,427 to €4.6m
Equity and liabilities
- Profit (loss) carried forward -€19.2m
down €19.2m (-93.2%), from €20.6m to €1.4m
- Other debts +€11.3m
up €11.3m (+59.8%), from €19.0m to €30.3m
- Tax, wage and social debts -€3.8m
down €3.8m (-40.3%), from €9.5m to €5.7m
of which Taxes: -€3.7m
Income statement
- Provisions +€9.6m
up €9.6m (+90.6%), from -€10.6m to -€992,673
- Turnover +€3.7m
up €3.7m (+2.3%), from €157.5m to €161.1m
- Services and other goods -€3.3m
down €3.3m (-4.0%), from €83.3m to €80.0m
- Depreciation -€2.5m
down €2.5m (-18.5%), from €13.4m to €11.0m
- Taxes +€2.4m
up €2.4m (+223.5%), from €1.1m to €3.5m
of which Taxes: +€2.6m
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2023
€14.1m
Turnover
+€3.7m
Other operating income
+€1.4m
Goods and materials
-€1.9m
Services and other goods
+€3.3m
Staff costs
-€610,764
Depreciation
+€2.5m
Write-downs
+€301,086
Provisions
-€9.6m
Other operating charges
+€460,624
Other operating items
-€889,672
Financial income
+€3,148
Financial charges
+€530,284
Taxes
-€2.4m
Result 2024
€10.8m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€46.4m
Investment
-€13.9m
Financing
-€32.6m
Cash 2023
€99,799
From operations (derived)
+€46.4m
Net result for the year
+€10.8m
Depreciation
+€11.0m
Stocks and contracts
+€287,185
Receivables within one year
+€18.9m
Deferred charges and accrued income
-€91,891
Provisions
-€992,673
Trade debts
-€883,568
Tax, wage and social debts
-€3.8m
Other debts
+€11.3m
Accrued charges and deferred income
-€54,382
Investment (derived)
-€13.9m
Investment in fixed assets (net)
-€13.9m
Current investments
-€20,855
Financing
-€32.6m
Debts after one year
-€1.3m
Current portion of long-term debt
-€1.3m
Contributions, distributions and other
-€30.0m
Cash 2024
€25,612
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,884,516 | €158,685,610 | -€16.2m | -9.3% |
| Fixed assets | 21/28 | €124,207,255 | €127,157,771 | +€3.0m | +2.4% |
| Intangible fixed assets | 21 | €734,427 | €4,647,259 | +€3.9m | +532.8% |
| Tangible fixed assets | 22/27 | €122,860,690 | €121,890,873 | -€969,816 | -0.8% |
| Land and buildings | 22 | €26,810,146 | €28,000,821 | +€1.2m | +4.4% |
| Plant, machinery and equipment | 23 | €46,699,079 | €74,147,274 | +€27.4m | +58.8% |
| Furniture and vehicles | 24 | €952,518 | €783,790 | -€168,728 | -17.7% |
| Leasing and similar rights | 25 | €43,581 | €32,727 | -€10,854 | -24.9% |
| Other tangible fixed assets | 26 | €1,044 | €1,044 | = | 0.0% |
| Assets under construction and advance payments | 27 | €48,354,322 | €18,925,218 | -€29.4m | -60.9% |
| Financial fixed assets | 28 | €612,139 | €619,639 | +€7,500 | +1.2% |
| Affiliated companies | 280/1 | €922 | €922 | = | 0.0% |
| Participating interests | 280 | €922 | €922 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €580,058 | €587,558 | +€7,500 | +1.3% |
| Participating interests | 282 | €580,058 | €587,558 | +€7,500 | +1.3% |
| Other financial fixed assets | 284/8 | €31,159 | €31,159 | = | 0.0% |
| Shares | 284 | €3,783 | €3,783 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €27,376 | €27,376 | = | 0.0% |
| Current assets | 29/58 | €50,677,262 | €31,527,839 | -€19.1m | -37.8% |
| Stocks and contracts in progress | 3 | €14,699,036 | €14,411,852 | -€287,185 | -2.0% |
| Stocks | 30/36 | €14,699,036 | €14,411,852 | -€287,185 | -2.0% |
| Raw materials and consumables | 30/31 | €7,044,408 | €7,955,966 | +€911,558 | +12.9% |
| Finished goods | 33 | €7,509,913 | €6,291,611 | -€1.2m | -16.2% |
| Goods purchased for resale | 34 | €144,716 | €164,275 | +€19,559 | +13.5% |
| Amounts receivable within one year | 40/41 | €34,849,503 | €15,948,706 | -€18.9m | -54.2% |
| Trade receivables | 40 | €33,162,594 | €14,862,294 | -€18.3m | -55.2% |
| Other amounts receivable | 41 | €1,686,908 | €1,086,412 | -€600,496 | -35.6% |
| Current investments | 50/53 | €965,250 | €986,105 | +€20,855 | +2.2% |
| Other investments | 51/53 | €965,250 | €986,105 | +€20,855 | +2.2% |
| Cash at bank and in hand | 54/58 | €99,799 | €25,612 | -€74,187 | -74.3% |
| Deferred charges and accrued income | 490/1 | €63,674 | €155,564 | +€91,891 | +144.3% |
| Total equity and liabilities | 10/49 | €174,884,516 | €158,685,610 | -€16.2m | -9.3% |
| Equity | 10/15 | €60,099,752 | €40,932,385 | -€19.2m | -31.9% |
| Contributions | 10/11 | €35,913,466 | €35,913,466 | = | 0.0% |
| Capital | 10 | €34,124,923 | €34,124,923 | = | 0.0% |
| Issued capital | 100 | €34,124,923 | €34,124,923 | = | 0.0% |
| Outside capital | 11 | €1,788,543 | €1,788,543 | = | 0.0% |
| Share premium | 1100/10 | €1,788,543 | €1,788,543 | = | 0.0% |
| Reserves | 13 | €3,631,326 | €3,631,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,631,326 | €3,631,326 | = | 0.0% |
| Legal reserve | 130 | €3,631,326 | €3,631,326 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €20,554,960 | €1,387,593 | -€19.2m | -93.2% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €17,705,795 | €16,713,122 | -€992,673 | -5.6% |
| Provisions for liabilities and charges | 160/5 | €17,705,795 | €16,713,122 | -€992,673 | -5.6% |
| Pensions and similar obligations | 160 | €25,087 | €268,092 | +€243,005 | +968.7% |
| Environmental obligations | 163 | €16,558,220 | €16,275,030 | -€283,190 | -1.7% |
| Other liabilities and charges | 164/5 | €1,122,489 | €170,000 | -€952,489 | -84.9% |
| Amounts payable | 17/49 | €97,078,969 | €101,040,103 | +€4.0m | +4.1% |
| Amounts payable after more than one year | 17 | €13,300,000 | €12,000,000 | -€1.3m | -9.8% |
| Financial debts | 170/4 | €13,300,000 | €12,000,000 | -€1.3m | -9.8% |
| Unsubordinated bonds | 171 | €1,300,000 | - | -€1.3m | |
| Other loans | 174 | €12,000,000 | €12,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,612,875 | €88,928,390 | +€5.3m | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €2,600,000 | €1,300,000 | -€1.3m | -50.0% |
| Financial debts | 43 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €52,535,836 | €51,652,268 | -€883,568 | -1.7% |
| Suppliers | 440/4 | €52,535,836 | €51,652,268 | -€883,568 | -1.7% |
| Taxes, remuneration and social security | 45 | €9,513,545 | €5,678,934 | -€3.8m | -40.3% |
| Taxes | 450/3 | €3,819,852 | €96,069 | -€3.7m | -97.5% |
| Remuneration and social security | 454/9 | €5,693,693 | €5,582,865 | -€110,828 | -1.9% |
| Other amounts payable | 47/48 | €18,963,494 | €30,297,187 | +€11.3m | +59.8% |
| Accrued charges and deferred income | 492/3 | €166,095 | €111,713 | -€54,382 | -32.7% |
| Operating income | 70/76A | €175,970,583 | €178,152,033 | +€2.2m | +1.2% |
| Turnover | 70 | €157,488,478 | €161,149,008 | +€3.7m | +2.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,596,021 | -€1,242,564 | -€2.8m | |
| Other operating income | 74 | €16,886,084 | €18,245,589 | +€1.4m | +8.1% |
| Operating charges | 60/66A | €158,090,082 | €161,684,029 | +€3.6m | +2.3% |
| Goods for resale, raw materials and consumables | 60 | €43,312,986 | €45,226,861 | +€1.9m | +4.4% |
| Purchases | 600/8 | €44,077,785 | €46,011,296 | +€1.9m | +4.4% |
| Change in stocks: decrease (increase) | 609 | -€764,799 | -€784,435 | -€19,636 | -2.6% |
| Services and other goods | 61 | €83,279,283 | €79,958,363 | -€3.3m | -4.0% |
| Remuneration, social security and pensions | 62 | €24,449,789 | €25,060,552 | +€610,764 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,429,171 | €10,951,211 | -€2.5m | -18.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €130,141 | -€170,945 | -€301,086 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€10,571,484 | -€992,673 | +€9.6m | +90.6% |
| Other operating charges | 640/8 | €2,080,154 | €1,619,530 | -€460,624 | -22.1% |
| Non-recurring operating charges | 66A | €1,980,044 | €31,130 | -€1.9m | -98.4% |
| Operating profit (loss) | 9901 | €17,880,501 | €16,468,004 | -€1.4m | -7.9% |
| Financial income | 75/76B | €1,752 | €4,900 | +€3,148 | +179.7% |
| Recurring financial income | 75 | €1,752 | €4,900 | +€3,148 | +179.7% |
| Income from current assets | 751 | €0 | €4,048 | +€4,048 | |
| Other financial income | 752/9 | €1,752 | €852 | -€899 | -51.3% |
| Financial charges | 65/66B | €2,664,962 | €2,134,679 | -€530,284 | -19.9% |
| Recurring financial charges | 65 | €2,142,962 | €2,134,679 | -€8,284 | -0.4% |
| Debt charges | 650 | €1,263,808 | €1,084,674 | -€179,134 | -14.2% |
| Other financial charges | 652/9 | €879,154 | €1,050,005 | +€170,850 | +19.4% |
| Non-recurring financial charges | 66B | €522,000 | - | -€522,000 | |
| Profit (loss) for the period before taxes | 9903 | €15,217,290 | €14,338,226 | -€879,065 | -5.8% |
| Income taxes | 67/77 | €1,083,756 | €3,505,592 | +€2.4m | +223.5% |
| Taxes | 670/3 | €1,143,865 | €3,789,964 | +€2.6m | +231.3% |
| Tax adjustments and reversals of tax provisions | 77 | €60,109 | €284,372 | +€224,263 | +373.1% |
| Profit (loss) for the period | 9904 | €14,133,535 | €10,832,633 | -€3.3m | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,133,535 | €10,832,633 | -€3.3m | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.